According to the calculations of the Ministry of Economic Development and Trade of Ukraine in the first half of 2018, the shadow economy was 32 percent of GDP, falling by 3 percentage points compared to the figure of 2017. This is stated in the report prepared by the Department of Economic Strategy and Macroeconomic Forecasting of the Ministry of Economic Development and Trade.
The de-shadowing of the economy became possible due to preservation of macroeconomic stability through the Government's implementation of the reform policy in the field of public finances aimed at, inter alia, strengthening the investment component of economic growth, as well as observing the chosen inflation targeting strategy of the National Bank of Ukraine, which ensures predictability of monetary policy; creating favorable conditions for doing business in Ukraine, which is evidence of maintaining high level of business activity of the business and improving its expectations; preserving the tendency towards economic growth in the conditions of accelerated growth of investment in the Ukrainian economy by domestic companies, growth of consumer demand, including under the influence of wage reform, and favorable external conditions.
At the same time, the dynamics of de-shadowing are slowed down because of unresolved issues, which adversely affect the development of the economy. This, in particular, existing significant challenges in ensuring the stable functioning of the financial system of the country and the temporarily occupied and uncontrolled territories of Ukraine formed as a result of the military aggression on the territory of our country.